He indicated that Peru’s Net International Reserves (NIR) were above 20 percent of GDP on average between 2005 and 2010.
Peru’s NIR now continue rising and stood at 57.22 billion dollars in June-end this year, about 343 million higher than in late May.
Corbo added that Peru is expected to grow nearly six percent this year, which is close to its potential growth rate, and be one of the most dynamic countries in the region.
In that sense, he predicted that Chile would grow four to five percent in 2012, Colombia between 4.6 and 4.7 percent, Brazil 1.8 to 1.9 percent and Mexico about four percent.
Corbo, who is also former president of Chile’s Central Bank, highlighted the performance of Latin America in recent years to diversify the destinations of its exports, making it less vulnerable to the current crisis in Europe.